Indian resident deriving foreign income - interpretation of the ...

Case Laws Income Tax

November 12, 2023

Indian resident deriving foreign income - interpretation of the expression “may be taxed” - Once the tax is payable or paid in the country of source, then country of residence is denied of the right to levy tax on such income or the said income cannot be included in return of income filed in India, would no longer apply after the insertion of provision of sub-section (3) of section 90 w.e.f. 1st April, 2004, i.e. Assessment Year 2004-05. - AT

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Indian resident deriving foreign income - interpretation of the ...

Case Laws Income Tax

November 12, 2023

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